G2B

Introduction of Digital Bank
Your gateway to modern banking

Digital bank is financial institution that operate entirely online, with no physical branch. It uses digital platforms such as email, messaging systems, mobile devices, and more to interact and conduct transactions with users.

Customers can open online bank accounts, withdraw and transfer money, issue debit cards, and more. With these convenient features, the banking industry worldwide is seeing a rapid transition from utilizing traditional banks to digital banking.

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An effective solution for your business

Opening a digital bank account is convenient and fast, with account setup and maintenance costs that are highly competitive compared to traditional banks. Businesses can contact 24/7 customer support team for assistance at any time and assured of the robust security measures of digital banks.

It facilitates the efficient management of overseas branch finances and generally support multiple currencies, enabling seamless transactions and financial oversight within a multinational business context.

Registering for an online bank account is simple and quick, with no need to visit a branch in person.

Reasonable account opening fees, and zero or near-zero maintenance fees at most online banks.

24/7 customer service is always available to assist you anytime.

Strong security ensures businesses can conduct transactions with confidence.

Comparing digital bank to traditional bank:
Finding a suitable option for your business

Digital bank offers easy access, lower fees, and fast transactions, while traditional bank provides a wider range of services, can be ideal for people with complicated banking needs. However, traditional bank often requires physical presence at branch locations, with higher monthly charge fees and transaction fees. In this aspect, digital banks have a clear advantage.

Traditional Bank

Online Bank

Differences between digital bank and traditional bank

See the differences between them to make informed decisions for your business's banking needs and financial strategies

	Digital Bank	Traditional Bank

Accessibility to accounts and services	24/7	Limited time
Convenience and flexibility	Yes	No
Wire transfer payment	Easy	Easy
Fees of opening an account	Low	High
Transaction time	Fast	Slow
Physical branch	No	Yes
Minimum balance	Low	High
Paperless transactions	Yes	No
Remote account opening	Easy	Difficult
Innovative features	Yes	No

KYC document checklist

Certificate of Incorporation

Photo of ID/Passport of all members

Identity Verification

(ID/Passport photo and selfie should be taken live - scanned copies are not accepted)

Proof of Address

(e.g. Utility bill, Bank statement issued within last 6 months)

Note: This list represents a general overview of the most typically requested documents. The specific requirements will vary by country.

Challenges businesses face when opening bank accounts abroad

Complex and lengthy account opening process

Complicated documentation and procedures

Difficulties in verifying identity and address

Difficulties communicating with bank staff due to language differences

Having no accounts for transactions while waiting for local bank approval

Need for multiple sub-accounts to manage budgets for different departments and staff efficiently

Why do you need G2B's assistance in opening a bank account?

While opening a digital bank account can be done independently, it can be a time-consuming and challenging process. You would need to research information, prepare documentation, and navigate through bank procedures, dealing with language barriers in a foreign country.

Entrusting a reputable company to handle your digital bank account opening streamlines the process, making it more convenient and understandable for your business. By choosing G2B, you will receive expert guidance on selecting the most suitable digital bank account type based on your specific business objectives.

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Let G2B help you open a digital bank account for a seamless transactions.

Unlock the doors to your online banking journey with us today!

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Frequently asked questions

Is digital banking secure for protecting your financial information and transactions?

Which countries should I open a digital bank account?

What are the expenses associated with opening an offshore online bank account?

Does it take a long time to get started?

Why businesses fail to open online bank accounts abroad?

Digital bank

Introduction of Digital Bank Your gateway to modern banking